jtc speculation, page-54

IMO the reason why it's a non-binding MOU is the PLV have to first meet the Major JTC specifications, I assume the Japanese want to ensure they get the right product before signing away.

I'm sure if it's Japan?s Mitsubishi they do not want another HIsmelt on thier hands, a venture with RioTinto in Western Australia (Kwinana) currently this venture is been wound down/de-commissioning and a possible buyer for the plant is from India. The co i work for is involved with the de-commissioning of the plant.
http://www.hismelt.com.au/en/HO_PageView.aspx?PageID=54

PLV have the specifications, and I understand PLV management had this during the tender/negotiation process.

The ann stated ?we have now completed a process looking for a strategic partner who has the financial capacity, the need for our style of product"